Nuvoco Vistas’ IPO to deliver 1.8x return for Kotak Special Situations Fund in a year

Cement firm Nuvoco Vistas Corp Ltd’s initial public offering (IPO) will multiply Kotak Special Situations Fund’s year-old investment by 1.8 times on paper, shows a VCCircle analysis. Kotak Special Situations Fund invested Rs 500 crore in the Nirma group arm in July last year. The IPO will dilute its stake from ......